Energy Trade

Energy Trade

Hungary Was Romania’s Main Electricity Partner Last Year

Hungary was Romania's main partner in electricity trade in 2022, according to the Romanian economic portal Economica.net, based on January-November...

Energy Trade

Production at Corvinus Project Gas Well Starts

Production started at a gas well that uses alternative extraction technology on the outskirts of Sarkad (about 196 km southeast...

Energy Trade

Hungary Gas Consumption Falls 24% in December

Gas consumption in Hungary fell 24% year-on-year to 12.4 TWh in December, state news wire MTI writes citing a monthly...

Energy Trade

Serbia to Invest EUR 100 mln in Oil Pipeline With Hungary

Serbia plans to invest EUR 100 million in the construction of an oil pipeline to Hungary which will help diversify...

Energy Trade

Croatia Paying MOL USD 235 mln Award

The state of Croatia will pay Hungarian oil and gas company MOL a USD 235 million award rendered in an...

Energy Trade

E.ON Launching HUF 74 bln in Network Investments

Electricity distributor E.ON Hungária has announced the launch of HUF 74 billion of network investments between now and 2026, according...

Energy Trade

Lantos Augurs 5x Increase in Energy Investments

Minister of Energy Affairs Csaba Lantos augured a five-fold increase in energy infrastructure investments in Hungary in the coming seven...

Energy Trade

Hungary Gas Consumption Falls Significantly in December

Gas consumption in Hungary fell almost 24% in December from the same period a year earlier, the Ministry of Energy...

Energy Trade

MOL Signs Crude Delivery Contract With Croatia’s Janaf

Croatian crude pipeline operator Janaf on Monday said it signed a contract for the delivery of half a million tonnes...

Energy Trade

Fuel Prices to Rise From Wednesday

According to holtankoljak.net, the price of both gasoline and diesel will rise significantly from Wednesday....

Energy Trade

Hungary to Import Green Electricity From Azerbaijan

A quadrilateral agreement has been reached, as a result of which, Hungary will be able to import green electricity from...

Energy Trade

Hungary Signs Deal Paving Way for Qatari Gas Purchases

Hungary has signed a political agreement clearing the way for the start of talks between energy group MVM and QatarEnergy...

Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

Hungary has won an exemption from a price cap on Russian crude, Minister of Foreign Affairs and Trade Péter Szijjártó...

Energy Trade

Watchdog Fines MOL for Disclosure Compliance Shortfall

The National Bank of Hungary (MNB) on Monday said it fined Hungarian oil and gas company MOL HUF 5 million...

Energy Trade

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical Corridor

Gas systems operators from Greece, Bulgaria, Romania and Hungary have signed a memorandum of understanding to cooperate on the realization...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Energy Trade

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

Energy Trade

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

Energy Trade

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

Energy Trade

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Heatwave Drives Surge in Hungary Searches for Cooling, Solar and Backup Power

Hungary’s summer heatwave is reshaping consumer searches, with interest in portable air conditioners nearly quadrupling and searches for solar products...

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

MOL, Serbia Sign Shareholders’ Agreement on Governance of NIS

Hungarian oil and gas company MOL on Tuesday said it signed a shareholders' agreement with the government of Serbia on...

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

U.S. Grants MOL 2-Week Extension to Close NIS Deal

The U.S. Treasury's Office of Foreign Assets Control has given MOL an extra 2 weeks to conclude negotiations with Gazpromneft...

Independent Gas Stations Flag Diesel Shortage; MOL Says Supply Secure

Independent gas stations in Hungary warned that "serious motor fuel supply problems" could arise in the coming 2-3 weeks, or...

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

Repairs on Druzhba Completed; Crude Deliveries Set to Resume

Repair work on the Druzhba pipeline, Hungary's main source of delivery for Russian crude, has been completed, MOL said in...

Independent Gas Stations Warn of Supply Disruptions

The Independent Gas Stations Association (FBSZ) warned of possibly motor fuel supply disruptions in a statement sent to Hungarian state...